'France swats aside EU budget rules in rearmament blitz'
'France has invoked emergency powers to sweep aside EU deficit rules and retake control over its economy after the terrorist atrocities in Paris, pledging a massive increase in security and defence spending whatever the cost.'
In his article on the economic repercussions of the recent terrorist attacks in Paris, The Telegraph's Ambrose Evans-Pritchard quotes Professor Brigitte Granville from the School of Business and Management:
"Professor Brigitte Granville from Queen Mary University of London said the country has been losing competitiveness within Europe’s monetary union for so long – not helped by a labour code still 3,648 pages - that it is now caught in a stagnation trap with the wrong intra-EMU exchange rate. She warned that the country is on a slow slide towards economic “catastrophe”.
Read the full article at www.telegraph.co.uk